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Norwegian Accelerator, Pangea, To Invest Up To $500,000 Into Startups In Kenya

Pangea, a platform connecting African startups with international investment & expertise, has launched its accelerator program in Kenya and is set to invest up to 500,000 USD into ten final startups in Kenya.

Pangea is working with Kenya’s Strathmore University’s @iLabAfrica accelerator to link up Kenyan start-ups from across the industry with investors especially the African diaspora which currently remits approximately $160 billion annually.

According to Pangea’s COO Jonas Tesfu, the startup ecosystem continent-wide, if given the right tools and means to invest is as vibrant as any other industry across the globe. Jonas notes that Africa still remains very attractive as a new startup frontier. “Africans and non-Africans alike are looking to be part of the continent’s rapid development and are seeking ways to make this happen. Together with Innovation Norways and other partners we are keen to make this connection successful.”

Pangea’s plan comprises the launch of a crowd investment platform in June 2018, allowing accelerated startups further access to funding. Often faced with a lack of access to capital and the expertise to scale globally, startups in Kenya stand to benefit greatly from Pangea’s crowd investment platform and its business development networks across the globe.

Local startups are encouraged to apply before the 19th of February 2018 online at pangeaa.com. The successful ones undergoing a 3 month milestone-based acceleration program. They will also benefit from coaching by international investors & experts.

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